The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

The Nifty pulls back while the German 40 starts to recover

by admin July 24, 2024
July 24, 2024
The Nifty pulls back while the German 40 starts to recover

The Nifty pulls back while the German 40 starts to recover

  • At Friday’s market opening, the Nifty index formed a new all-time high at the 24854.80 level.
  • During this morning’s Asian trading session, the German 40 index returned above the 18500.0 level. 

Nifty chart analysis

At Friday’s market opening, the Nifty index formed a new all-time high at the 24854.80 level. Not long after, a bearish consolidation was initiated, which continued this week. In today’s session, we saw an impulse at the 24074.20 level, forming a new weekly low. A little below that at 23970.00 is the EMA 200 moving average. The index managed to stabilize and reverse the situation, returning to the 24500.00 level.

Before closing today’s session, the index stopped at the 24476.00 level. We expect to see a continuation of the bullish option and a move above the weekly open price in the next session. Potential higher targets are 24600.00 and 24700.00 levels. For a bearish option, we need a new negative consolidation. After that, we can expect the Nifty to turn towards the previous low. We will definitely look at the EMA 200 moving average as a support level. Potential lower targets are 24100.00 and 24000.0 levels.

 

German 40 chart analysis

During this morning’s Asian trading session, the German 40 index returned above the 18500.0 level. Yesterday’s support of the EMA 200 moving average gave the index additional support to continue on the bullish side. Today, we see the formation of a new weekly high at the 18645.1 level. We are currently stopping at that level and pulling back slightly to the 18610.0 level.

If German 40 returns above 18625.0, it will have an opportunity to create a new weekly high. Potential higher targets are the 18650.0 and 18700.0 levels. For a bearish option, we need a pullback of the index below the 18550.0 level. This starts a bearish consolidation that would bring us back below 18500.0. There, we are approaching the EMA 200 moving average, expecting new support from it. Potential lower targets are the 18400.0 and 18350.0 levels.

 

The post The Nifty pulls back while the German 40 starts to recover appeared first on FinanceBrokerage.

previous post
Bitcoin Price UK May Surge If Britain Sells Their £4B Stash
next post
CrowdStrike’s Epic Fail: Here are the Critical Trading Levels to Watch Now!

Related Posts

Starbucks (SBUX) Stock Analysis: Key Resistance at $103.33

November 30, 2024

Truth Social app on the Nasdaq as DJT,...

November 20, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 9, 2025

Quantum Computing Investments: Opportunities & Risks

February 2, 2025

S&P 500 and Nasdaq under heavy bearish pressure...

September 10, 2024

Stock Futures Lower after S&P 500 futures ticked...

January 4, 2025

Stock Futures Lower after S&P 500 futures ticked...

December 6, 2024

Kamala Harris Campaign: US Election Update

August 20, 2024

Bitcoin price remains below the EMA 200 on...

October 10, 2024

Vusa: Difference between VUSA and VUAG?

August 13, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 The Revenue Rises. All Rights Reserved.